The Indian Hume Pipe Company Ltd registers sale deed for Rs. 173.96 crores

The Indian Hume Pipe Company Limited has executed and registered Sale Deed on 30th December, 2025 for sale of the Company's freehold land situated at Azamabad Industrial Area, Azamabad, Hyderabad, Telangana admeasuring about 18,311.57 Sq. Yards equivalent to 15,310.80 Sq. Mtrs. for a total sale consideration of Rs.173.96 Crores (Rupees One Hundred Seventy Three Crores and Ninety Six Lakhs only) to ASBL Private Limited (formerly known as Ashoka Builders India Private Limited) and the entire sale consideration has been received.

The Company was in possession of leasehold land situated at Plot No. 4, Municipal No. 1-8-675, Azamabad Industrial Area, Azamabad, Hyderabad, Telangana since 1931.

The Govt. of Telangana issued G.O.Ms.No.19 dated 29th August, 2023 for granting freehold rights to the existing lessees being the occupants/industries. Accordingly, the Company has obtained freehold rights by paying the conversion charges including Stamp duty, Transfer Duty, Registration Fees & Mutation fee etc. of Rs.107.38 Crores under the registered Deed of Sale/Conveyance with the Govt. of Telangana.

Rajas Doshi, Chairman & Managing Director, IHP: "Following 94 years of holding the Hyderabad property on leasehold, we obtained ownership recently this year and successfully concluded its sale within a short timeframe. The transaction, finalized through a competitive bidding process, was completed with ASBL Private Limited (formerly known as Ashoka Builders India Private Limited), a prominent and growing player in Hyderabad's real estate market."

Jones Lang Lasalle (JLL) acted as transaction advisors. Cyril Amarchand Mangaldas (CAM) acted as legal advisors.

Shares of Indian Hume Pipe Company Limited was last trading in BSE at Rs. 407.55 as compared to the previous close of Rs. 405.75. The total number of shares traded during the day was 2792 in over 130 trades.

The stock hit an intraday high of Rs. 417.00 and intraday low of 403.05. The net turnover during the day was Rs. 1147230.00.

Source : Equity Bulls

Keywords

IndianHumePipeCompany INE323C01030 LandSale